Wall Street Eases Off Record Highs as Treasury Yields Climb
Stocks drifted lower from record highs on Monday as the 10-year Treasury yield ticked up, oil topped 5, and gold cooled. Here's what moved the markets.
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Stocks drifted lower from record highs on Monday as the 10-year Treasury yield ticked up, oil topped 5, and gold cooled. Here's what moved the markets.
Major indexes drift lower while Treasury yields grind toward 52-week highs, gold holds near $4,450, and Bitcoin reclaims $63K.
Wall Street closed lower Friday as Treasury yields climbed and oil firmed near 2, with retail earnings and the 10-year yield in focus for the week ahead.
Stocks slipped modestly Friday while Treasury yields climbed and crude oil pushed past $82, with gold extending its summer rally near $4,437.
The Nasdaq led Wall Street higher Thursday as chips regained footing, while oil climbed past $82 and gold cooled from its record run.
All three major indexes slipped on Monday in a sleepy August session, but the VIX dropped to 15.28 suggesting no real alarm. Gold held near ,448 while oil climbed to 3.91.
Nasdaq surges 5.19% as equities stage a massive rally. Gold explodes to ,399 with a 9% single-day gain while the S&P 500 and Dow notch impressive advances. Oil and yields buck the trend.